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8200 Insurance company The stock with ticker 8200 on the Saudi TASI appears to be experiencing significant trading activity, as indicated by the high volume at the top of its recent price movement. High volume often signals strong investor interest, which can be due to positive news, earnings reports, or market speculation. However, after reaching a peak, the stock is now retracing and approaching the 47 SAR level. This pullback to 47 SAR could indicate a key support level, where buyers might step in to stabilize the price. If the 47 SAR level holds, it could serve as a foundation for a potential rebound. On the other hand, if the stock breaks below this level, it may signal further downside, potentially testing lower support levels. Investors should monitor the stock's behavior around the 47 SAR level closely, as well as any news or developments that could influence its direction.
TADAWUL:8200Short
by Sultan_GM
Elm (TADAWUL: 7203) – Key Gann Levels in Play!Elm has been on a rollercoaster ride, experiencing a strong uptrend before hitting resistance and pulling back. The stock is now trading around 1,059 SAR, testing a key 360° Gann level at 1,015 SAR. So, what’s next? Let’s dive in! Could be the scenario ;) 🔍 Technical Breakdown: 🔹 Resistance Levels: 1,181 SAR (405° Gann level) – A key zone that previously acted as resistance. 1,359 SAR (450° Gann level) – Breaking above this could restart the bullish trend. 🔹 Support Zones: 1,015 SAR (360° Gann level) – Crucial support currently being tested. A hold here could trigger a bounce. 862 SAR (315° Gann level) – Next potential support if selling pressure continues. 🔹 Trend Analysis: The stock had a massive bull run before topping out and now seems to be in a correction phase. If bulls defend 1,015 SAR, we might see another upside attempt. 🎯 Potential Scenarios: 🟢 Bullish Case: Holding 1,015 SAR could lead to a retest of 1,181 SAR and, if momentum continues, a push towards 1,359 SAR. 🔴 Bearish Case: A break below 1,015 SAR could signal further downside towards 862 SAR and possibly lower. ⚠️ Key Takeaway: Elm is at a make-or-break level! Will bulls step in at 1,015 SAR, or is more downside ahead? 💬 What’s your outlook? Share your thoughts in the comments! 🔽🔥 #Elm #TADAWUL #StockMarket #GannAnalysis #TechnicalAnalysis
TADAWUL:7203
by Magic_xD
Saudi Arabian Amiantit Co (2160) - Trade Idea📌 Saudi Arabian Amiantit Co (2160) - Trade Idea 📊 Market Behavior: Price always follows one of two paths: 1️⃣ Offering Fair Value – Where price stabilizes and attracts buyers/sellers at a justified level. 2️⃣ Seeking Liquidity – Where price hunts stop losses, liquidates positions, and manipulates emotions. 🔥 Current Phase: Right now, the market is in a liquidity-seeking phase 🏃‍♂️💨, where it is: ✅ Shaking out weak hands (retail traders getting stopped out). ✅ Creating a manipulation leg (to trap traders before a reversal). ✅ Grabbing liquidity from key levels (before moving towards fair value). 🎯 Main Target: 🚀 The Yearly Fair Value Gap (FVG) is the ultimate target, where price is likely to rebalance and provide high-probability trading opportunities. ⚠️ Key Takeaways: 🔹 Expect volatility – market makers are engineering liquidity. 🔹 Stay patient, avoid emotional reactions. 🔹 Smart money moves in phases – follow the narrative. 💡 Execution Plan: Wait for confirmation before entry, align with smart money, and target high-probability zones! 🎯🔥 📈 Trade Smart, Stay Ahead! 💎🚀
TADAWUL:2160Long
by Asif_Brain_Waves